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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: GROUND ZERO™ who wrote (14642)2/3/1999 4:08:00 PM
From: Tom Trader  Read Replies (1) of 44573
 
No I did not, GZ

I guess that I should have

Somehow, I think that we are not done with the downside

What I really have in mind to do is with the OEX strategy that I am employing, I have been buying OTM calls, when I get a buy signal, to protect myself in relation to the naked calls that I sell when I get a sell signal. I was planning to use your reads in terms of when you go long to time the purchase of the protective calls at that time. You seem to go long based on buying at key support levels based on the forks -- and you have been timing it well. If I bought the protective calls based on your timing of when you go long the futures, I'd be able to enter at a much lower price than on my system. If you are wrong, the downside is limited because I'd still be naked the ATM calls that I sold naked -- and the premium on those would be a whole lot more than what I'd pay for OTM calls that I buy on your signals. If you turn out to be right, I'd be well ahead than if I waited to buy the calls based on when I get a buy signal.

Don't know if all of this makes sense

As far as the futures are concerned, I'll stay with my system -- it has served me well and I am comfortable with it.
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